Core Insights - Liu Jingkang, CEO of Yingshi Innovation, acknowledged criticism regarding recent controversies but assured that promised benefits will be delivered [2] - Yingshi Innovation's market share increased from 28.4% in 2023 to 35.6% in 2024, while DJI's market share decreased from 19.1% to 13.2% during the same period [4] - Yingshi Innovation's revenue growth is showing signs of slowing down, with a projected revenue of 55.74 billion yuan in 2024, reflecting a growth rate of 53.29% [4] Company Performance - Yingshi Innovation's revenue for 2022, 2023, and 2024 is reported as 20.41 billion yuan, 36.36 billion yuan, and 55.74 billion yuan, with growth rates of 53.66%, 78.16%, and 53.29% respectively [4] - In Q1 2025, Yingshi Innovation achieved a revenue of 13.55 billion yuan, marking a year-on-year growth of 40.70%, indicating a decline in growth rate [4] - For the first half of 2025, Yingshi Innovation reported total revenue of 36.71 billion yuan, a year-on-year increase of 51.17%, but net profit attributable to shareholders was only 5.2 billion yuan, reflecting a slight increase of 0.25% [4] Competitive Landscape - The competition between Yingshi Innovation and DJI has intensified, with Yingshi entering the drone market and planning to launch the world's first panoramic drone [5] - DJI responded quickly by introducing panoramic camera products to directly compete with Yingshi's core business [5]